ARC Group Worldwide, Inc. (NASDAQ Capital Market: ARCW; “ARC”) reported
today Adjusted Earnings Per Share (“Adjusted EPS”) of $0.23 for the
quarter ending September 30, 2012. The first quarter results were driven
largely by combined sales and revenue resulting from the reverse
acquisition of ARC by Quadrant Metals Technologies (“QMT”), as well as
the acquisition of Advanced Forming Technology, Inc. and AFT-Hungary
Kft, (both referred to herein as “AFT”). Adjusted Earnings was $1.2
million and Adjusted Earnings before interest, taxes, depreciation and
amortization (“Adjusted EBITDA”) was $1.9 million.

Adjusted EPS, Adjusted Earnings and Adjusted EBITDA are non-GAAP
financial measures. These measures represent results of operations of
the company net of any of the nonrecurring expenses related to the
reverse acquisition transaction between ARC and QMT as well as the
acquisition of AFT. Non-GAAP financial measures are not in accordance
with, or an alternative for, generally accepted accounting principles in
the United States. The Company's non-GAAP financial measures are not
meant to be considered in isolation or as a substitute for comparable
GAAP financial measures, and should be read only in conjunction with the
Company's consolidated financial statements prepared in accordance with
GAAP. The reconciliation to GAAP is as follows (in thousands except
share and per share amounts):

First Quarter

GAAP to Non-GAAP Reconciliation

2012

2011

Earnings reported for the Quarter ended September 30, 2012

$

(89

)

$

1,057

Attributable to ARC Group Worldwide, Inc. (GAAP)

Gain on Bargain purchase

(381

)

-

Merger expenses

1,637

-

Adjusted Earnings

$

1,167

$

1,057

Interest

167

118

Tax

-

-

Depreciation and Amortization

572

193

Adjusted EBITDA

$

1,906

$

1,368

Adjusted Earnings

$

1,167

$

1,057

Weighted Average of Common Shares Outstanding

5,149,700

4,029,700

Adjusted Earnings Per Share

$

0.23

$

0.26

The Company reported a net loss of $89 thousand for the first quarter
ending September 30, 2012, a decrease from the first quarter 2011 net
income of $1.1 million, driven by nonrecurring expenses resulting from
the reverse acquisition and acquisition transactions.

Total sales revenue for the quarter ending September 30, 2012 and
October 2, 2011 was $13.5 million and $7.3 million, respectively. The
increase in sales was driven largely by the additional sales resulting
from acquisition transactions.

This press release may contain “forward-looking” statements as defined
in the Private Securities Litigation Reform Act of 1995, which are based
on ARC’s current expectations, estimates and projections about future
events. These include, but are not limited to, statements, if any,
regarding business plans and integration efforts related to the recent
transactions, pro-forma statements and financial projections, ARC’s
ability to expand its services and realize growth and efficiencies
through the acquisitions discussed herein, merger-related expenses and
the impact of the transaction on ARC’s earnings, market share and
capital position. These statements are not historical facts or
guarantees of future performance, events or results. Such statements
involve potential risks and uncertainties, such as ARC’s ability to
integrate QMT and AFT as planned and the general effects of financial,
economic, and regulatory conditions affecting our industries.
Accordingly, actual results may differ materially. Neither ARC nor QMT
nor AFT undertake any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. For additional factors that may affect
future results, please see filings made by ARC with the Securities and
Exchange Commission (“SEC”), including its Form 10-Q for the three
months ending September 30, 2012.

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